Die, American Auto Industry
Alesh Houdek on the poor state of the auto industry:
The legion of workers it employs are the only plausible argument for saving it, but ultimately you’d be doing them no favors. Bailing out an industry and then regulating it to “improve” really is straight Socialism. And even if Republicans are right that this is the time to throw everything they’ve ever stood for out the window, the problem remains that Socialism does not work. Good money after bad. Delaying the inevitable.